Zabala Auto Supply

Journal Entry
January 31, 2030
General Journal Page 1
Date
2030 Particulars Ref. Debit Credit
Jan 1 Cash 1 5 0 0 0 0 0 -
Zabala, Capital 1 5 0 0 0 0 0 -
To record the owner’s initial
investment.

1 Prepaid Rent 6 0 0 0 0 -
Cash 6 0 0 0 0 -
To record payment for six
month’s rent in advance.

2 Purchases 4 0 0 0 0 0 -
Cash 4 0 0 0 0 0 -
To record purchase of auto
supplies in cash.

2 Furniture and Fixtures 1 0 0 0 0 0 -

Accounts Payable 1 0 0 0 0 0 -
To record purchase of
furniture and fixtures on
Account.

3 Office Supplies 3 0 0 0 -
Cash 3 0 0 0 -
To record purchase of office
supplies in cash.

3 Van 3 0 0 0 0 0 -
Cash 3 0 0 0 0 0 -
To record acquisition of
delivery van.

3 Gas and Oil Expense 2 0 0 0 -

Cash 2 0 0 0 -
To record payment of gas
and oil.

5 Cash 5 0 0 0 0 -
Sales 5 0 0 0 0 -
To record sale of goods for
cash.

6 Accounts Receivable 1 0 0 0 0 0 -
Sales 1 0 0 0 0 0 -
To record sale of goods on
account.

7 Cash 1 0 0 0 0 -
Sales 1 0 0 0 0 -
To record sale of goods for
cash.
 General Journal Page 2
Date
2030 Particulars Ref. Debit Credit
Jan 9 Accounts Payable 1 0 0 0 0 0 -
Cash 1 0 0 0 0 0 -
To record payment of
furniture and fixtures on
account.

10 Purchases 5 0 0 0 0 0 -
Accounts Payable 5 0 0 0 0 0 -
To record acquisition of auto
supplies on account.

11 Cash 2 0 0 0 0 0 -
Sales 2 0 0 0 0 0 -
To record sale of goods for
cash.

14 Gas and Oil Expense 2 0 0 0 -

Cash 2 0 0 0 -
To record payment of gas
and oil.

15 Cash 9 8 0 0 0 -
Sales Discount 2 0 0 0 -
Accounts Receivable 1 0 0 0 0 0 -
To record collection from
ABC for sales on account.

15 Salaries Expense 1 2 0 0 0 -
Cash 1 2 0 0 0 -
To record payment of
employees’ salaries.

16 Prepaid Insurance 1 2 0 0 0 -
Cash 1 2 0 0 0 -
To record advance payment
of insurance for one year.

18 Utilities Expense 4 0 0 0 -
Utilities Payable 4 0 0 0 -
To record electricity bill on
account.

20 Accounts Payable 5 0 0 0 0 0 -
Purchase Discount 1 0 0 0 0 -
Cash 4 9 0 0 0 0 -
To record payment of goods
on account.

21 Cash 1 0 0 0 0 -
Sales 1 0 0 0 0 -
To record sale of goods for
cash.
 General Journal Page 3
Date
2030 Particulars Ref. Debit Credit
Jan 22 Utilities Payable 4 0 0 0 -
Cash 4 0 0 0 -
To record payment of
electricity bill on account.

25 Accounts Receivable 1 0 0 0 0 -
Sales 1 0 0 0 0 -
To record sale of goods to
XYZ Co. on account.

28 Purchases 5 0 0 0 0 -
Cash 5 0 0 0 0 -
To record purchase of auto
supplies in cash.

30 Salaries Expense 1 0 0 0 0 -
Cash 1 0 0 0 0 -
To record payment of
employees’ salaries.

30 Zabala, Drawings 2 0 0 0 0 -
Cash 2 0 0 0 0 -
To record the owner’s
withdrawal for personal use.




























 Zabala Auto Supply
Ledger Entry
January 31, 2030
General Ledger Page 1
CASH CA 20
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 1 GJ1 1 5 0 0 0 0 0 - Jan. 1 GJ1 6 0 0 0 0 -
Jan. 5 GJ1 5 0 0 0 0 - Jan. 2 GJ1 4 0 0 0 0 0 -
Jan. 7 GJ1 1 0 0 0 0 - Jan. 3 GJ1 3 0 0 0 -
Jan. 11 GJ2 2 0 0 0 0 0 - Jan. 3 GJ1 3 0 0 0 0 0 -
Jan. 15 GJ2 9 8 0 0 0 - Jan. 3 GJ1 2 0 0 0 -
Jan. 21 GJ2 1 0 0 0 0 - Jan. 9 GJ2 1 0 0 0 0 0 -
Jan. 14 GJ2 2 0 0 0 -
Jan. 15 GJ2 1 2 0 0 0 -
Jan. 16 GJ2 1 2 0 0 0 -
Jan. 20 GJ2 4 9 0 0 0 0 -
Jan. 22 GJ3 4 0 0 0 -
Jan. 28 GJ3 5 0 0 0 0 -
Jan. 30 GJ3 1 0 0 0 0 -
Jan. 30 GJ3 2 0 0 0 0 -

ACCOUNTS RECEIVABLE CA 40
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 6 GJ1 1 0 0 0 0 0 - Jan. 15 GJ2 1 0 0 0 0 0 -
Jan. 25 GJ3 1 0 0 0 0 -

PURCHASES CA 60
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 2 GJ1 4 0 0 0 0 0 -
Jan. 10 GJ2 5 0 0 0 0 0 -
Jan. 28 GJ3 5 0 0 0 0 -

OFFICE SUPPLIES CA 80
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 3 GJ1 3 0 0 0 - Jan. 31 2 0 0 0 -

PREPAID RENT CA 100

Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 1 GJ1 6 0 0 0 0 - Jan. 31 1 0 0 0 0 -

PREPAID INSURANCE CA 120

Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 16 GJ2 1 2 0 0 0 - Jan. 31 1 0 0 0 -

MERCHANDISE INVENTORY, END CA 140

Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 31 5 0 0 0 0 -

FURNITURE AND FIXTURES NCA 20

Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 2 GJ1 1 0 0 0 0 0 -
 General Ledger Page 2

VAN NCA 40
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 3 GJ1 3 0 0 0 0 0 -

ACCUMULATED DEPRECIATION - VAN CoA 20

Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 31 4 0 0 0 -

ACCUMULATED DEPRECIATION – FURNITURE AND FIXTURES CoA 40

Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 31 1 6 6 7 -

ACCOUNTS PAYABLE CL 20
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 9 GJ2 1 0 0 0 0 0 - Jan. 2 GJ1 1 0 0 0 0 0 -
Jan. 20 GJ2 5 0 0 0 0 0 - Jan. 10 GJ2 5 0 0 0 0 0 -

UTILITIES PAYABLE CL 40
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 22 GJ3 4 0 0 0 - Jan. 18 GJ2 4 0 0 0 -

ACCRUED SALARIES PAYABLE CL 60

Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 31 2 0 0 0 -

ZABALA, CAPITAL C 20
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 1 GJ1 1 5 0 0 0 0 0 -

ZABALA, DRAWINGS C 40
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 30 GJ3 2 0 0 0 0 -

INCOME SUMMARY C 60
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 31 5 0 0 0 0 -

SALES R 20
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 5 GJ1 5 0 0 0 0 -
Jan. 6 GJ1 1 0 0 0 0 0 -
Jan. 7 GJ1 1 0 0 0 0 -
Jan. 11 GJ2 2 0 0 0 0 0 -
Jan. 21 GJ2 1 0 0 0 0 -
Jan. 25 GJ3 1 0 0 0 0 -
 SALES DISCOUNT CR 20
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 15 GJ2 2 0 0 0 -

SALARIES EXPENSE E 20
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 15 GJ2 1 2 0 0 0 -
Jan. 30 GJ3 1 0 0 0 0 -
Jan. 31 2 0 0 0 -
UTILITIES EXPENSE E 40
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 18 GJ2 4 0 0 0 -

GAS AND OIL EXPENSE E 60

Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 3 GJ1 2 0 0 0 -
Jan. 14 GJ2 2 0 0 0 -

OFFICE SUPPLIES EXPENSE E 80

Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 31 2 0 0 0 -

INSURANCE EXPENSE E 100

Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 31 1 0 0 0 -

RENT EXPENSE E 120

Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 31 1 0 0 0 0 -

DEPRECIATION EXPENSE - VAN E 140

Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 31 4 0 0 0 -

DEPRECIATION EXPENSE – FURNITURE AND FIXTURES E160

Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 31 1 6 6 7 -

PURCHASE DISCOUNT CE 20
Date Date
2030 Particulars Ref. Debit 2030 Particulars Ref. Credit
Jan. 20 GJ2 1 0 0 0 0 -
 Zabala Auto Supply
Unadjusted Trial Balance
January 31, 2030

Account Titles Debit Credit

Cash 403,000
Accounts Receivables 10,000
Office Supplies 3,000
Prepaid Rent 60,000
Prepaid Insurance 12,000
Furniture and Fixtures 100,000
Van 300,000
Zabala, Capital 1,500,000
Zabala, Drawings 20,000
Purchases 950,000
Purchase Discount 10,000
Sales 380,000
Sales Discount 2,000
Salaries Expense 22,000
Utilities Expense 4,000
Gas and Oil Expense 4,000
Totals 1,890,000 1,890,000

Zabala Auto Supply

Adjusting Entries
January 31, 2030

Date
2030 Particulars Debit Credit

Jan. 31
Office Supplies Expense 2 0 0 0 -
Office Supplies 2 0 0 0 -

Jan. 31 Merchandise Inventory, end 5 0 0 0 0 -

Income Summary 5 0 0 0 0 -

Jan. 31 Salaries Expense 2 0 0 0 -

Accrued Salaries Payable 2 0 0 0 -

Jan. 31 Insurance Expense 1 0 0 0 -

Prepaid Insurance 1 0 0 0 -

Jan. 31 Rent Expense 1 0 0 0 0 -

Prepaid Rent 1 0 0 0 0 -

Jan. 31 Depreciation Expense - Van 4 0 0 0 -

Accumulated Depreciation - Van 4 0 0 0 -

Jan. 31 Depreciation Expense – F and F 1 6 6 7 -

Accumulated Depreciation – F and F 1 6 6 7 -